ANALYSIS: Strong Canadian Lobster Landings
Strong Canadian landings coupled with the seasonal lull in demand has put downward pressure on live lobster prices. The current average market price for 2lb hard shell lobster FOB New England is $8.05, down 8% compared to this time last year. The lower price adjustments have been closely following the seasonal pattern; however, for the month of June prices have stalled while the historical chart indicates an upward trend.
Market prices peaked mid- February and adjusted lower as the Canadian spring fishing seasons commenced...
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